Economic Growth and Industrial Performance - In April, China's industrial added value above designated size grew by 6.1% year-on-year, marking a relatively fast growth rate for 2024 [1] - The service production index increased by 6% year-on-year, with information and business services showing stable growth, outpacing the overall service sector [1] Domestic Demand and Consumption - Social retail sales of consumer goods rose by 5.1% year-on-year in April, driven by the effects of the old-for-new consumption policy, which contributed 1.4 percentage points to the total growth [2] - Fixed asset investment grew by 4% year-on-year from January to April, with equipment and tool purchases increasing by 18.2%, contributing 64.5% to the overall investment growth [2] High-tech Manufacturing and New Production Capacity - The added value of high-tech manufacturing above designated size increased by 10% year-on-year, outpacing the overall industrial growth by 3.9 percentage points [4] - Key sectors such as aerospace equipment manufacturing and integrated circuit manufacturing saw significant growth, with increases of 21.4% and 21.3% respectively [4] Digital and Green Transformation - The added value of digital product manufacturing grew by 10% in April, with smart device manufacturing and electronic components experiencing accelerated growth [6] - New energy vehicles and lithium-ion batteries for vehicles showed remarkable production increases of 38.9% and 61.8% respectively [6] Consumer Market Trends - The retail sales of household appliances and audio-visual equipment surged by 38.8%, while furniture and communication equipment also saw significant growth [10] - Online retail sales of physical goods increased by 5.8% year-on-year, reflecting a growing trend in e-commerce [10] Policy Impact on Consumption - The implementation of the old-for-new consumption policy and improvements in the consumption environment have significantly boosted the consumer market [12] - The demand for green and upgraded consumption continues to rise, contributing to the stability and recovery of the consumer market [12]

Group 1: Tax Policies and Support for Innovation - In the first quarter of this year, tax reductions and refunds supporting technological innovation and manufacturing reached 424.1 billion yuan, accelerating high-quality development in these sectors [1] - A series of tax incentives have been introduced, including a 100% pre-tax deduction for R&D expenses and a 120% deduction for integrated circuit and industrial mother machine companies [2] - The publication of two guides on tax incentives for technological innovation and manufacturing development demonstrates a systematic approach to support these sectors [4] Group 2: Growth in Manufacturing and High-tech Industries - In the first four months of this year, manufacturing sales revenue increased by 4.7%, with high-tech manufacturing growing by 12.2% [3] - Advanced manufacturing sectors, such as computer and smart device manufacturing, saw sales revenue growth of 23.8% and 15.7%, respectively, indicating a strong innovation-driven growth [3] - The growth in high-tech industries, with a 13.9% increase in sales revenue, reflects a positive trend in innovation-driven sectors [1][3] Group 3: Implementation and Compliance of Tax Policies - The tax authorities are committed to ensuring that tax benefits reach the intended recipients quickly and effectively, utilizing big data for policy implementation [5] - Continuous support and guidance are provided to taxpayers to enhance compliance and prevent fraudulent claims for tax benefits [5]

Economic Growth and Policy Implementation - The national economy has shown resilience and stable growth in April, supported by proactive macro policies that effectively respond to external shocks [1][2] - Major production demand indicators have seen significant growth compared to the previous year, with industrial value-added increasing by 6.1% year-on-year in April [2] - Fixed asset investment has also expanded, with a year-on-year growth of 4% in the first four months [2] Trade and External Resilience - Despite a challenging international environment, China's foreign trade has maintained steady growth, with total goods import and export value increasing by 2.4% year-on-year in the first four months [3] - Trade with countries involved in the Belt and Road Initiative has grown by 3.9%, indicating a diversification in trade partnerships [3] Consumer Market Dynamics - The consumer market has shown stable growth, with retail sales of consumer goods increasing by 4.7% year-on-year in the first four months, supported by policies promoting consumption [4] - The "old for new" consumption policy has positively impacted sales in various categories, with significant year-on-year growth in household appliances and communication equipment [4] New Economic Drivers - New consumption drivers are emerging, with online retail and instant retail gaining popularity, leading to a 5.8% year-on-year increase in physical goods online retail sales [4] - The high-tech manufacturing sector has also seen robust growth, with a 10% year-on-year increase in value-added for high-tech manufacturing in April [3] Policy Effectiveness and Future Outlook - The effectiveness of macro policies has been evident, with a focus on stabilizing employment, businesses, and market expectations to ensure sustainable economic development [5][8] - The government aims to enhance consumer capacity and improve the consumption environment to further unlock consumption potential [5]

规模以上工业增加值同比增长6.1% 消费同比增长5.1% 投资持续扩大 透视四月宏观经济数据：顶住压力稳定增长 ◎记者陈芳 面对外部冲击影响加大、内部困难挑战叠加的复杂局面，我国经济顶住压力稳定增长，展现较强韧性。 国家统计局5月19日发布数据显示，4月，规模以上工业增加值同比增长6.1%，内需稳步扩大，全国城 镇调查失业率连续2个月下降，新质生产力加快培育。 专家分析称，随着近期出台的稳经济稳就业系列措施和一揽子金融政策逐步显效，下一阶段经济有望保 持稳中有进态势。 国内需求稳步扩大 今年以来，"两重""两新"政策力度加大，内需支撑力较强。据国家统计局数据，4月，社会消费品零售 总额37174亿元，同比增长5.1%；环比增长0.24%。此外，1至4月，社会消费品零售总额161845亿元， 同比增长4.7%，比一季度加快0.1个百分点；固定资产投资同比增长4%，较一季度略有放缓，但快于去 年全年增速。 消费新动能增势较好，网上零售、即时零售等新业态增速快于整体。1至4月，实物商品网上零售额同比 增长5.8%，快于整体消费增速；旅游出行相关服务消费增长较快，交通出行、通讯信息、旅游咨询租 赁服务类零售额均保持两 ...

新华社北京5月19日电 题：应变克难 稳健前行——从最新指标看当前中国经济走势 新华社记者潘洁、张晓洁 面对外部冲击影响加大、内部困难挑战叠加的复杂局面，4月份中国主要经济指标运行情况如何？如何 看待中国经济走势和前景？在国新办19日举行的新闻发布会上，国家统计局新闻发言人、国民经济综合 统计司司长付凌晖介绍有关情况并回答记者提问。 顶住外部压力 主要指标平稳较快增长 4月份，尽管国际环境更趋复杂严峻，外部冲击影响加大，但我国经济顶住压力稳定增长，延续向新向 好态势。 生产供给较快增长。4月份，规模以上工业增加值同比增长6.1%。从增长面看，41个大类行业中，36个 行业增加值同比增长，增长面超过八成。从服务业看，4月份，服务业生产指数同比增长6%。其中，信 息传输软件和信息技术服务业、租赁和商务服务业生产指数分别增长10.4%和8.9%，明显快于全部服务 业增长。 国内需求稳步扩大。4月份，社会消费品零售总额同比增长5.1%。从累计看，以商品销售为主的社会消 费品零售总额和反映服务消费的服务零售额均呈现回升势头。1至4月份，社会消费品零售总额同比增长 4.7%，比一季度加快0.1个百分点；服务零售额同比增长 ...

Economic Performance Overview - In April, external shocks increased, but China's economic foundation remains stable, with strong advantages, resilience, and potential, supported by coordinated macro policies [1][4] - The overall economic performance in April reflects a complex international environment, making stable economic operation more challenging [1] Industrial Growth - Industrial production showed rapid growth, with the industrial added value of large-scale enterprises increasing by 6.1% year-on-year in April, marking one of the fastest monthly growth rates since last year [1] - The equipment manufacturing sector experienced significant growth, with an added value increase of 9.8% year-on-year, contributing 55.9% to the industrial growth [1] Service Sector Performance - The service sector maintained stable growth, with the service production index rising by 6% year-on-year in April, the second-highest monthly growth rate this year [1] - Digital transformation and increased travel boosted information and business services, with the production indices for information transmission software and IT services, and leasing and business services growing by 10.4% and 8.9% respectively [1] Domestic Demand - Domestic demand expanded steadily, with retail sales of consumer goods increasing by 5.1% year-on-year in April, supported by the effects of the trade-in policy [2] - Fixed asset investment grew by 4% year-on-year from January to April, with equipment and tool purchases increasing by 18.2%, contributing 64.5% to total investment growth [2] Foreign Trade Resilience - Despite a rapidly changing international environment, China's foreign trade demonstrated resilience, with total goods imports and exports increasing by 2.4% year-on-year from January to April [2] - Exports of mechanical and electrical products grew by 9.5% in the first four months, highlighting the effectiveness of diversifying trade partnerships [2] Employment Stability - The employment situation remained generally stable, with the urban unemployment rate at 5.1% in April, a decrease of 0.1 percentage points from the previous month [3] - Policies supporting employment and entrepreneurship for key groups contributed to this stability [3] High-tech Industry Growth - High-tech industries experienced rapid growth, with the added value of high-tech manufacturing increasing by 10% year-on-year in April [3] - Significant growth was observed in aerospace equipment and integrated circuit manufacturing, with increases of 21.4% and 21.3% respectively [3] Future Outlook - The government aims to implement more proactive macro policies to stabilize employment, businesses, and market expectations, while promoting high-quality development [4] - The focus will be on strengthening the domestic economic cycle and ensuring sustainable and healthy economic growth [4]

国家统计局新闻发言人付凌晖在国新办发布会上说，4月份，"人工智能+"的驱动作用在增强，数字产业 蓬勃发展，我国规模以上数字产品制造业增加值同比增长10%。（新华财经） ...

Core Insights - Jiangsu's 13 cities reported a stable economic performance in Q1, with keywords like "steady" and "good start" frequently mentioned, indicating a solid foundation for the year ahead [1][2] - The total GDP of all 13 cities exceeded 1000 billion yuan, with Suzhou leading at 609.57 billion yuan, followed by Nanjing at 471.87 billion yuan [2][3] - The industrial sector played a crucial role in Suzhou's growth, with a significant increase in industrial output and contributions from key industries such as electronics and machinery [2][4] Economic Performance - Suzhou's GDP reached 6095.68 billion yuan, up from 5549.0 billion yuan last year, showcasing a robust economic momentum [2] - Nanjing's GDP was 4718.70 billion yuan, maintaining its position above the 4000 billion yuan mark [2] - Other cities like Wuxi and Nantong surpassed 3000 billion yuan, while Changzhou and Xuzhou exceeded 2000 billion yuan [2] Growth Rates - Huai'an led the growth rates with a 7.0% increase, followed by Suqian at 6.6% and Changzhou at 6.1% [3] - Huai'an's consistent high growth is attributed to strong industrial performance and effective project implementation [4] Industrial Development - Huai'an's industrial output saw a 19.6% increase in fixed asset investment, with 292 new projects signed, indicating a strong focus on attracting investment [4] - Jiangsu's cities are focusing on new industries and technologies, with Yangzhou emphasizing low-carbon and digital sectors, achieving significant growth in manufacturing [5][6] Green Development - Yancheng is exploring green development through zero-carbon industrial parks, achieving significant growth in renewable energy sectors [7] - The city has become a leader in offshore wind power and solar energy production, contributing to its industrial growth [7] Consumer Market Dynamics - Jiangsu's "old-for-new" policies have stimulated consumer spending across various sectors, with Nanjing reporting a 7.5% increase in retail sales [8][9] - The automotive sector has seen significant growth due to incentives, with Suzhou and Wuxi implementing attractive trade-in programs [9][10] - Lianyungang's home renovation subsidy program has also driven consumer demand, resulting in notable retail sales growth [10]

Core Viewpoint - Hainan is leveraging its unique geographical advantages to develop a robust digital economy, focusing on digital infrastructure and industry transformation, with significant growth projected in the coming years [1][12]. Group 1: Hainan's Digital Economy Overview - The digital economy in Hainan integrates advanced technologies such as the internet, big data, cloud computing, and artificial intelligence, becoming a new engine for the development of the Hainan Free Trade Port [3]. - Hainan's digital economy encompasses four core industries: digital product manufacturing, digital product services, digital technology applications, and data-driven industries [3]. Group 2: Digital Economy Policies - Hainan has implemented various policies to accelerate digital economy development, including the "Hainan Free Trade Port Digital Economy Promotion Regulations" and the "Three-Year Action Plan to Boost and Expand Consumption" [5][7]. - By 2027, the revenue from Hainan's core digital economy industries is expected to exceed 2,200 billion yuan [5]. Group 3: Digital Economy Industry Chain - The upstream of Hainan's digital economy industry chain includes hardware facilities, basic software and technology, and data elements, which are essential for data transmission and processing [8]. - The midstream focuses on the deep integration of digital technology with the real economy, promoting the digital transformation and intelligent upgrading of traditional industries [8]. Group 4: Current Development Status - Hainan has accelerated the construction of digital infrastructure, including international submarine cables, data centers, and 5G applications, with a total of 37,700 5G base stations built by 2024 [10][12]. - The revenue of Hainan's digital economy core industries is projected to exceed 2,000 billion yuan in 2024, representing a 70% increase from 2022 [12]. Group 5: Key Enterprises in the Digital Economy - Key enterprises in Hainan's digital economy include Alibaba (Hainan), ByteDance (Hainan), and various local innovative companies, which together create a vibrant industrial ecosystem [18][19]. - Alibaba (Hainan) is a leading player in information transmission and software services, while ByteDance (Hainan) leverages its parent company's resources to expand rapidly in the digital content sector [18][19]. Group 6: Future Trends - Hainan is expected to become a hub for international data flow and digital trade, driven by the continuous release of policy dividends and the expansion of cross-border data security trials [24]. - The integration of digital economy with traditional industries such as tourism, agriculture, and healthcare will create new business models and enhance the value of traditional sectors [26].

Core Viewpoint - The report highlights the positive momentum in China's key engineering projects and overall economic performance in the first quarter of 2025, driven by increased investment and innovation in various sectors [1][2][3]. Investment and Project Development - In the first quarter, the number of engineering projects reported for work injury insurance reached 39,000, a year-on-year increase of 9.4%, with a total project cost of 1.9 trillion yuan, up 4.8% year-on-year [1]. - March saw a significant acceleration in project construction, with 18,000 projects reported, accounting for 46.5% of the quarterly total, and a total cost of 800 billion yuan, representing 43.9% of the quarterly total [3]. Innovation and High-Technology Growth - High-tech industry sales revenue grew by 13.4% year-on-year in the first quarter, with digital product manufacturing and digital technology application sectors seeing increases of 12% and 11.6%, respectively [1]. - The report emphasizes the role of tax incentives in supporting technological innovation and the development of new productive forces [2]. Consumer Market Dynamics - The health consumption sector experienced significant growth, with sales revenue from elderly care services increasing by 65.5% and nursing institution services by 23.9% year-on-year [3]. - The "May Day" holiday period saw a 15.2% year-on-year increase in sales revenue across consumer-related industries, driven by policies promoting the replacement of old consumer goods [3]. Manufacturing Sector Performance - Manufacturing sales revenue rose by 4.8% year-on-year, accounting for 29.1% of total national sales, with equipment manufacturing growing by 9.7% [4]. - High-tech manufacturing and equipment manufacturing sales increased by 12.1% and 9.7%, respectively, indicating a shift towards high-end and digital transformation in the manufacturing sector [4][5]. Tax Policy and Support Measures - The tax authorities are committed to implementing tax and fee support policies to enhance service levels and promote high-quality economic development [4][5]. - The report indicates that the tax department will continue to optimize tax payment services and respond to the needs of manufacturing enterprises, facilitating their transition to high-end, intelligent, and green development [5].